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Earlier today, General Motors announced that the company paid $4.7 billion to the U.S. government and $1.1 billion to the Canadian government, fulfilling its obligation agreed to when it received its initial bailout funds. In total, GM received $52 billion from the U.S. government, but only $6.7 billion of this amount was considered a loan. The company already paid back $2 billion, so this $4.7 billion is the last payment.
Haymarket if you want to make a percentage comparison on unemployment I suggest you break out the unemployment figures dealing with underemployment and those that have left the work force through sheer frustration with finding a job. Obama's true unemployment numbers would hover around 16% to 18% if you use those figures and represent where we are right now a lot more accurately.
And Obama enacted policies that didnt slow the problems or reverse them but made them worse. This whole Bush vs Obama comparison gets pretty stale, when the heck is Obama going to be responsible for anything?
Haymarket, Obvious Child, would the two of you mind not tossing around things like dishonesty and such when you have your political leans set as undisclosed? You obviously lean liberal. Own it. Or stop telling other people they are being dishonest with their opinions. Sorry, thats been bugging me a while.
The point would be that the spending spree did NOT work.
Currently most economists are also cautioning the Fed in doing anything else to affect markets at this time. They feel it would do more harm than good. The whole point of the stimulus was to spur job creation and make unemployment go down. It was a failure in this respect and has hurt the nation's financial standing and structure.
Saying that all the policies before Obama enetered office are owned by Bush is pretty disingenuous as well. Obama supported a lot of those policies as a Senator and he voted for them.
Fast and loose with the numbers boys.
Conservative has educated everyone here to only trust the official stats. So I must use those.
Bush nearly doubled the unemployment rate while Obama has held his expansion to under 20%. And he inherited a truck going downhill with bad breaks. Bush inherited one of the best economies in decades and a surplus.
And Obama enacted policies that didnt slow the problems or reverse them but made them worse. This whole Bush vs Obama comparison gets pretty stale, when the heck is Obama going to be responsible for anything?
I'm feeling inclined to vote for Obama in 2012. I'm not too impressed with the Republican line up at this point, and I'm starting to lean towards supporting him. I didn't vote for him in 2008 and I haven't really liked him much, but he did push through a repeal of DADT, which I think he may hold hostage this coming election and so I may be inclined to vote for him. You could prevent me from supporting him though. I don't really like him much, and I would love to see a good case made against him.
The only problem is I don't like vague rhetoric. I like solid evidence. I like numbers, statistics, and charts from credible sources. I like news stories that are not editorialized but report simple facts. I would like to see a case against Obama's policies based on that kind of evidence. I would like to see specifically which of his policies have failed America and why they failed. I would like to see specific examples of when he hasn't come to the table to negotiate with Republicans willing to make a legitimate compromise. I would like to see specific actions he has taken that have actually hurt the economy's ability to recover.
So, Critical Thought, you raised the question and have gotten a lot of responses. Did you get what you were looking for?
That is all Obama supporters can do, look backwards and distort history. Obama has a record, a terrible one that the cult followers continue to ignore. Obama ran on promises to fix the "mess" he claimed he inherited, doesn't seem to matter that he was part of the Democrat controlled Congress that helped create the mess. He then was hired to fix the problems and given a Democrat controlled Congress to implement his solutions. There results show his resume as exactly right, he lacked the experience and understanding of our economy to fix it. His economic policy was and remains a disaster. obama loves being President but lacks the ability to do the job of President. His results are as have been posted but ignored.
So, Critical Thought, you raised the question and have gotten a lot of responses. Did you get what you were looking for?
Some interesting numbers that the Obama supporters want to ignore. GW Bush took office with a GOP House and an equally divided Senate and thanks to the "I" voting with the Democrats, Democrats controlled the Senate. GW Bush got total Control of the Congress in January 2003. Notice the results from 2003-2007. GW Bush had a recession in 2001 and another in 2008. Democrats had involvement in both. Liberals will love to ignore the progress made from 2003-2007 and ignore that Democrats took total control of Congress January 2007 and ironically the recession began in December 2007 right after the fiscal year 2008 budget took effect.
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2001 4.2 4.2 4.3 4.4 4.3 4.5 4.6 4.9 5.0 5.3 5.5 5.7
2002 5.7 5.7 5.7 5.9 5.8 5.8 5.8 5.7 5.7 5.7 5.9 6.0
2003 5.8 5.9 5.9 6.0 6.1 6.3 6.2 6.1 6.1 6.0 5.8 5.7
2004 5.7 5.6 5.8 5.6 5.6 5.6 5.5 5.4 5.4 5.5 5.4 5.4
2005 5.3 5.4 5.2 5.2 5.1 5.0 5.0 4.9 5.0 5.0 5.0 4.9
2006 4.7 4.8 4.7 4.7 4.6 4.6 4.7 4.7 4.5 4.4 4.5 4.4
2007 4.6 4.5 4.4 4.5 4.4 4.6 4.7 4.6 4.7 4.7 4.7 5.0
2008 5.0 4.8 5.1 4.9 5.4 5.6 5.8 6.1 6.2 6.6 6.8 7.3
2009 7.8 8.2 8.6 8.9 9.4 9.5 9.5 9.7 9.8 10.1 9.9 9.9
2010 9.7 9.7 9.7 9.8 9.6 9.5 9.5 9.6 9.6 9.7 9.8 9.4
2011 9.0 8.9 8.8 9.0 9.1
LOL...Con....will you ever stop with your fascination and admiration for GWB? The reality is....GWB was a complete and utter failure who drove this country to the brink of economic and moral bankruptcy. Obama is definitely responsible for NOT doing much of anything to improve the economic conditions of this country, but you need to accept the fact that GWB is responsible for getting us here in the first place.
LOL...Con....will you ever stop with your fascination and admiration for GWB? The reality is....GWB was a complete and utter failure who drove this country to the brink of economic and moral bankruptcy. Obama is definitely responsible for NOT doing much of anything to improve the economic conditions of this country, but you need to accept the fact that GWB is responsible for getting us here in the first place.
b hussein obama is going to declare a state of emergency and permanently postpone elections , thus triggering the Second American Revolution in the fight against the socialist police state. I will be at the helm of this fight ready and willing to defend our country from this animal. if we do not assemble against he and the socialisitic islamic pigs we will fall. the revolution is coming he will postpone the elections and we will become islamic slaves if we do not stand up with arms .
Will you ever address the Obama record as it is instead of the Obama rhetoric which ignores or distorts the record? If Bush is a failure with the results posted then what is Obama with a worse record? Can you read the results from BLS.gov or do you need help?
How do you explain the numbers between 2003-2007 with a Republican controlled WH and Congress to the numbers from 2008-2011 with a Democrat controlled Congress and Obama in the WH 2009-2011? You want badly to blame Bush but ignore the one constant during the period of time when the numbers declined, Democrat control of Congress?
I Have.....Obama is responsible for not doing much of anything to improve the economy.....now when will you accept the fact that GWB's failures are responsbile for getting us into this mess? LOL.....
Con....you are a hardcore adherrent....to the Bush mantra "Denial of everything.....responsibility for nothing".
It would help your case if you responded with facts, logic, and common sense to the results I posted. Explain the numbers to me since obviously they are distorted and wrong according to you and the media?
Con...its been shown to you time and time again...your love and admiration for GWB simply do not allow you to see it. Face the facts....the man that you believe was an economic genius was a complete and utter failure and we continue to pay the price for his ineptness.
Will you ever address the Obama record as it is instead of the Obama rhetoric which ignores or distorts the record? If Bush is a failure with the results posted then what is Obama with a worse record? Can you read the results from BLS.gov or do you need help?
Actually the whole point of the stimulus was to blunt the damage of the recession. That's the point of every recession based stimulus. And according to the WSJ, it did just that. By allowing states to keep their funding levels at their previous levels, they prevented a massive decline in direct, fast, reliable spending.
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